Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
If the planets are in alignment TT will add the box 14 amount to your basis shown on Schedule D where the sale will be reported. These exercises usually wind up with a small Schedule D loss equal to the fees.

Be sure you know what the correct result is and can tell whether TurboTax is producing the correct result. In tax year 2000, I exercised some non-qualified stock options and held the stock. I later sold the stock. I fully understood exactly what should happen on my tax return. However, the instructions and wizard in TurboTax were so unclear that it took me six tries to figure out how to enter the information to achieve the correct result.

Patzer
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement